Nifty attempts to close below the 5 EMA(5435) Weekly Chart for the very first time since June,2010. Building open interest in 5500 is the first sign of
the continuation of the bearishness for the September coming series.

Here is a basic video about trendlines and moving averages explained in a common layman language. Still if you are not aware about the power of the moving averages and still struggling with the basic technical analysis then this video could be a good start to enhance your knowledge in basic technical analysis of any kind of stocks.

Applying 5EMA(Low-High) rule to the nifty weekly chart we could find that the recent nifty weekly candle got housed between the 5EMA high line and 5EMA low line. i.e between the instance weekly support point 5184 and the weekly resistance point 5325

Nifty is trading in a rangebound zone between 5EMA(High)-5EMA(Low) zone for the past 4 days. 13 EMA is added along the 5 EMA(High-Low) strategy. After applying we could find that additional EOD resistance zone is near 4853. A Strong overhead resistance is near to this point.

As the trading month is going to end tommrow its good to view the montly charts of nifty. As of now its trading below 5 EMA(4883). So Possibly nifty could close above 4883 by tommorow as most of the time 5 EMA line act as a gravitational rope. Source: www.marketcalls.in

As Trading Week is likely to end its good to look at weekly 5 EMA chartsWeekly 5 EMA chart points to the support zone of 4937. Nifty could give a fresh weekly sell signal if nifty closes below 4937 Source: www.marketcalls.in

Required US Government Disclaimer & CTFC Rule 4.41

​Futures trading contains substantial risk and is not suitable for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only consider risk capital that should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
CTFC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All trades, patterns, charts, systems, etc., discussed in this website or advertisement are for illustrative purposes only and not construed as specific advisory recommendations. All ideas and materials presented herein are for information and educational purposes only. No system or trading methodology has ever been developed that can guarantee profits or prevent losses. The testimonials and examples used herein are exceptional results which do not apply to average people and are not intended to represent or guarantee that anyone will achieve the same or similar results. Trades placed on the reliance of Trend Methods systems are taken at your own risk for your own account. This is not an offer to buy or sell futures interests.

Data and information is provided for informational purposes only, and is not intended for trading purposes. Neither marketcalls.in website nor any of its promoters shall be liable for any errors or delays in the content, or for any actions taken in reliance thereon.